Mobilicom Limited (NASDAQ:MOB) Short Interest Down 22.6% in December

Mobilicom Limited (NASDAQ:MOB) was the recipient of a large decline in short interest in December. As of December 31st, there was short interest totalling 752,800 shares, a decline of 22.6% from the December 15th total of 972,400 shares. Based on an average daily volume of 489,600 shares, the short-interest ratio is presently 1.5 days.

Mobilicom Price Performance

Shares of NASDAQ MOB traded up $0.04 during midday trading on Friday, hitting $3.34. 130,083 shares of the company traded hands, compared to its average volume of 476,044. The company has a debt-to-equity ratio of 0.01, a current ratio of 3.88 and a quick ratio of 3.62. Mobilicom has a 12-month low of $0.71 and a 12-month high of $5.00. The stock has a 50-day moving average price of $2.77 and a 200 day moving average price of $1.68.

Institutional Inflows and Outflows

An institutional investor recently bought a new position in Mobilicom stock. Garden State Investment Advisory Services LLC acquired a new position in Mobilicom Limited (NASDAQ:MOB) in the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor acquired 137,000 shares of the company’s stock, valued at approximately $149,000. Garden State Investment Advisory Services LLC owned approximately 2.16% of Mobilicom at the end of the most recent quarter. Hedge funds and other institutional investors own 13.56% of the company’s stock.

About Mobilicom

Mobilicom Limited operates as an end-to-end provider of cybersecurity and smart solutions for drones, robotics, and autonomous platforms. It designs, develops, and delivers smart solutions, such as cloud management software, communication datalink and mobile mesh networking terminals, handheld control terminals, and professional services and support for drone, robotics, and autonomous system manufacturers, as well as hardware products and software solutions.